The community has locked up over $2M worth of $DEGEN in the vault! We’re stoked to see everyone hyped for Season 6 and thrilled to bring back tipping to the community! Let’s make this season epic!

Onchain prediction markets are very popular this year. I've always believed that the crypto cycle is actually somewhat connected to the U.S. election cycle.

Onchain prediction markets are very popular this year. I've always believed that the crypto cycle is actually somewhat connected to the U.S. election cycle.

https://x.com/1confirmation/status/1809288828915761202

Despite today's rebound, the Crypto Fear index remains low at 26. The Damocles sword of the German government and Mt. Gox still looms large.

When you're at the bottom, the only way to go is up.

Twitter’s vast user base provides a significant advantage. Applications built on its social graph can thrive due to extensive network effects. 

Conversely, Farcaster struggles with its smaller user base, making it difficult for applications to gain traction and sustain engagement. Despite any unique features, the lack of users hampers Farcaster's growth potential.

A new week begins, and a new month starts.

scoop

Claiming my /scoop profile with address: 0x764CFF1B7129FA496efDa479E8336fEB9cBE262e

let the scoop wars begin 🍦

"Hamster Kombat" has ignited controversy in Iran, with its appeal as an income source for some clashing with concerns over cryptocurrency risks and societal impact.

"Hamster Kombat" has ignited controversy in Iran, with its appeal as an income source for some clashing with concerns over cryptocurrency risks and societal impact.


https://decrypt.co/236798/hamster-kombat-slammed-iran-telegram-game-200-million-players

When the market is down, people start to reflect. Of course, this is a good thing.

When the market is down, people start to reflect. Of course, this is a good thing.

https://x.com/0xDesigner/status/1803939233855336586

Why don't you clean up "the bots"?

Useful to be precise here: "bots" is a catch all term that people use to describe low effort, uninteresting or otherwise off-topic content.

However, a "bot" is traditionally thought of as a programmatic account, i.e. controlled by a script or software. e.g. bot net

When people on Farcaster refer to "bots" they are more often referring to actual people using a mobile device (with the aid of translation tools and ChatGPT) who post uninteresting content (from their pov).

They are casting and replying in hopes of appearing to be a "real account" because they have learned that turns into a future economic reward in crypto. Recent tipping meta has increased the expected value of these accounts.

It's possible to algorithmically label these accounts, but then you create a "shadowban" meta. So you massively increase the number of support messages and complaints. This was the state of the world before priority mode.

I understand Dan. solving the "bot" problem is tough, and no matter what you do, someone will be unhappy.

Is this the bottom of the market？

https://www.forbes.com/sites/digital-assets/2024/06/18/blackrock-issues-unprecedented-fed-warning-after-300-billion-bitcoin-and-crypto-price-crash/

idk why @nounishprof’s CastOut anon intern* asked me about alliances, biggest threats, and weakest links

but they did

so i answered 🤷‍♀️

*honestly think the intern could be @dylanabruscato survivor megafan 

😜

Consumer Crypto

Is crypto dead? Not at all. /consumercrypto is pivotal to its mainstream adoption. By simplifying its use and integrating it into daily transactions, we can make digital currencies more accessible and drive innovation in finance and beyond. The future of crypto is about empowering consumers, not just investment.

In times of market decline, only true builders maintain their optimism, unwavering in the face of adversity, and resilient in their pursuit of long-term success.

launching Farscan filters!
https://farscan.io/

filter the real-time feed of swaps by farcaster users based on:
- people you follow
- power badge users
- whales

Meme coins like MOTHER, propelled by hype and social media, pose substantial investment risks, enticing investors with the promise of rapid returns but without a solid foundation for value.

Meme coins like MOTHER, propelled by hype and social media, pose substantial investment risks, enticing investors with the promise of rapid returns but without a solid foundation for value.

https://www.coindesk.com/business/2024/06/06/iggy-azaleas-mother-meme-coin-turned-3k-into-9m-for-one-lucky-crypto-trader/

$MASKS

Memes

Over 273 different channels mentioned by folks as their favorite in this thread.

Most often mentioned (by unique fid mentions):
- /masks (36 mentions)
- /memes (32 mentions)
- /base (30 mentions)
- /replyguys (25 mentions)
- /degen (22 mentions)
- /higher (11 mentions)
- /art (10 mentions)

(TIL about /masks)

It's shocking that /masks has become the most popular channel, even surpassing /memes.

onchain is going absolutely vertical worldwide

The comic strip seems to convey that everyone, even a turkey, possesses unique qualities and a purpose in life. We shouldn't blindly follow in the footsteps of others but instead discover our own intrinsic value.

Juling

@juling.eth